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You couldn't get a bad loan today if you wanted to...
Nice article that puts much of the mortgage stuff in perspective.   I agree that the future will see much more financially stable homeowners.  
During the Christmas and New Year's Holiday I got a chance to catch up with a lot of my old friends and family and of course we got to talking about the mortgage and lending industry!  Yes, believe it or not, this is still a very popular topic these days!  : )
We got to talking about horrible loans and the dishonest practice that took place in the past and other not so great experiences that they themselves and their co-workers experienced.  I allowed them to vent and express their thoughts and opinions.  After a good 30 minutes or so of people just taking turns of bashing the lending industry, the Obama Administration and all this bailout hooplah, I told them these magical words that caught everyone's attention:
"In today's lending environment and the many reforms that have taken place in the industry, I couldn't give you a bad loan if I even wanted to!"
This statement opened up a great discussion and informing everyone of how mortgages are done today and why people who are thinking of ... more

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